Electra Information Systems, (Electra), a provider of post-trade solutions for the buy-side investment management industry, is enhancing its global infrastructure and staffing to expand reconciliation processing capacity and support for its growing client base throughout the UK, Europe and the Asia-Pacific region.
Electra has made several infrastructure enhancements to maximise solution performance and support. By adding data centres in Sydney, Australia and Frankfurt, Germany, plus a centre in Ireland to be added later this year, Electra has expanded reconciliation processing capacity in multiple regions while enabling investment management firms in the UK and Europe to comply with the General Data Protection Regulation (GDPR). Electra also added a client services operation in London to provide implementation, managed services onboarding, and daily support services, led by former Oxford Asset Management head of operations, Lucy Burniston.
A leading employee-owned, international investment manager with over USD50 billion in assets under management and offices in London and Philadelphia, is replacing another vendor solution with Electra Reconciliation to meet its evolving needs for more robust reconciliation functionality, greater operational flexibility, and better service responsiveness.
A growing, global investment management and wealth services firm based in New Zealand also implemented Electra Reconciliation to automate its current custodian reconciliation process across a growing range of reconciliation types, as well as reconcile with its order management via system-to-system reconciliation.
In addition, an equity portfolio and investment manager based in Edinburgh, Scotland and user of the Electra Data aggregation service since 2015, is extending its relationship with Electra to automate reconciliation processing. By implementing Electra Reconciliation, the firm will be able to significantly improve efficiencies, overcome the challenges of increased complexity, trading volumes and regulations, and scale to growth.
John Landry, Chief Executive Officer of Electra, says: “Many firms are doing extensive due diligence on their reconciliation providers to fill product and service gaps as they seek solutions that help improve cross-functional collaboration and transparency to meet complex reconciliation requirements, increase operational efficiencies, and reduce risk. Although Electra has always supported a global client base, our recent international expansion initiatives – combined with the intelligent integration and matching capabilities of Electra Reconciliation – enable us to effectively support additional and increasingly sophisticated, global business operations while improving the post-trade process across multiple continents.”